Looking to diversify beyond PCSGX? The mutual funds below have historically moved differently from PCSGX, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for PCSGX
1 mutual funds have low correlation with PCSGX (below 0.3), 0 of which are negatively correlated. The least correlated is PACE Municipal Fixed Income Investments (PCMNX) (Municipal Bonds) with a 1Y correlation of 0.27, up from 0.15 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| PACE Municipal Fixed Income Investments | 0.27 | 0.18 | 0.15 | 61 | Municipal Bonds | PCSGX vs PCMNX | |
| UBS Emerging Markets Equity Opportunity Fund | 0.33 | 0.36 | 0.43 | 81 | Emerging Markets Equities | PCSGX vs EMPTX | |
| UBS International Sustainable Equity Fund | 0.55 | 0.59 | 0.65 | 67 | Foreign Large Cap Equities | PCSGX vs BNUEX | |
| UBS US Dividend Ruler Fund | 0.72 | 0.75 | 0.77 | 56 | Large Cap Value Equities | PCSGX vs DVRUX | |
| UBS Global Allocation Fund | 0.74 | 0.76 | 0.79 | 68 | Global Allocation | PCSGX vs BPGLX |
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